VERSTRAETE WINOC: what changed
VERSTRAETE WINOC
Largest movements
- Tangible fixed assets -€12,020
down €12,020 (-21.4%), from €56,169 to €44,149
- Cash +€9,848
up €9,848 (+8.9%), from €110,963 to €120,811
mainly Depreciation (+€12,020) and Net result for the year (+€6,704)
- Stocks and contracts +€5,160
up €5,160 (+10.1%), from €51,086 to €56,246
- Receivables within one year -€3,862
down €3,862 (-19.8%), from €19,531 to €15,669
- Debts within one year -€7,578
down €7,578 (-25.6%), from €29,582 to €22,004
- Profit (loss) carried forward +€3,487
no longer reported in 2021 (was -€3,487)
- Reserves +€3,217
up €3,217 (+1.7%), from €193,062 to €196,279
of which Distributable reserves: +€187,170
- Other operating charges +€112,992
new in 2021: €112,992
- Turnover -€34,299
down €34,299 (-7.9%), from €431,780 to €397,481
- Gross operating margin -€14,763
down €14,763 (-10.1%), from €146,479 to €131,716
- Depreciation -€6,499
down €6,499 (-35.1%), from €18,519 to €12,020
Change in the result, 2020 to 2021
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2020 and 2021 balance sheets and the 2021 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,749 | €236,875 | -€874 | -0.4% |
| Fixed assets | 21/28 | €56,169 | €44,149 | -€12,020 | -21.4% |
| Tangible fixed assets | 22/27 | €56,169 | €44,149 | -€12,020 | -21.4% |
| Plant, machinery and equipment | 23 | - | €44,149 | +€44,149 | |
| Current assets | 29/58 | €181,580 | €192,726 | +€11,146 | +6.1% |
| Stocks and contracts in progress | 3 | €51,086 | €56,246 | +€5,160 | +10.1% |
| Stocks | 30/36 | - | €56,246 | +€56,246 | |
| Amounts receivable within one year | 40/41 | €19,531 | €15,669 | -€3,862 | -19.8% |
| Trade receivables | 40 | - | €15,669 | +€15,669 | |
| Cash at bank and in hand | 54/58 | €110,963 | €120,811 | +€9,848 | +8.9% |
| Total equity and liabilities | 10/49 | €237,749 | €236,875 | -€874 | -0.4% |
| Equity | 10/15 | €208,167 | €214,871 | +€6,704 | +3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €193,062 | €196,279 | +€3,217 | +1.7% |
| Non-distributable reserves | 130/1 | - | €9,109 | +€9,109 | |
| Legal reserve | 130 | - | €1,859 | +€1,859 | |
| Other | 1319 | - | €7,250 | +€7,250 | |
| Distributable reserves | 133 | - | €187,170 | +€187,170 | |
| Profit (loss) carried forward | 14 | -€3,487 | - | +€3,487 | |
| Amounts payable | 17/49 | €29,582 | €22,004 | -€7,578 | -25.6% |
| Amounts payable within one year | 42/48 | €29,582 | €22,004 | -€7,578 | -25.6% |
| Financial debts | 43 | - | €13,992 | +€13,992 | |
| Credit institutions | 430/8 | - | €13,992 | +€13,992 | |
| Trade debts | 44 | €8,132 | €7,953 | -€179 | -2.2% |
| Suppliers | 440/4 | - | €7,953 | +€7,953 | |
| Other amounts payable | 47/48 | - | €59 | +€59 | |
| Turnover | 70 | €431,780 | €397,481 | -€34,299 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,519 | €12,020 | -€6,499 | -35.1% |
| Other operating charges | 640/8 | - | €112,992 | +€112,992 | |
| Gross operating margin | 9900 | €146,479 | €131,716 | -€14,763 | -10.1% |
| Operating profit (loss) | 9901 | €14,771 | €6,704 | -€8,067 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €14,771 | €6,704 | -€8,067 | -54.6% |
| Profit (loss) for the period | 9904 | €14,771 | €6,704 | -€8,067 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,771 | €6,704 | -€8,067 | -54.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.